Banque Misr competes to fund OTMT’s acquisition of CI Capital
Banque Misr wants to fund OTMT’s [OTMT.CA] acquisition of Commercial International Bank’s (CIB) [COMI.CA] investment arm, CI Capital. The loan in question is a EGP700 million five-year loan. Unnamed sources stated that Banque Misr and Audi Bank-Egypt may form a syndicate with other local banks to participate in the financing. (Al Mal)
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